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specialty reinsurer Stockton Reinsurance Ltd. has agreed in principle to buy one of the largest remaining independent managing agencies at Lloyd's. Crowe Insurance Group Ltd. manages six syndicates with total premium income capacity for the 1999 year...

Small retailers on Court Street still believe that they will be able to one day rival Front Street as a major shopping area in the city. Right now, progress is slow. But there is optimism in the air because there are already indications that Bermudia...

Bermuda retailer Roger Davidson cannot boast of any Christmas sales records at his five stores. But he remains upbeat. The HA&E Smith Ltd. president was pinning his hopes on a last-minute rush of shoppers. Heading into the final week of pre-Christmas...

and corporate finance subsidiary, Seymour Pierce Butterfield for nearly $2.75 million. The bank exited the business, which trades under the name Butterfield Securities, at a small premium -- achieving a small profit over the net asset value of the co...

Carter A. Frith is believed to be the first Bermudian to underwrite direct satellite business. He has just been promoted from assistant underwriter to underwriter in the satellite division of ACE Insurance Co., Ltd. Amazingly, he had to go to New Yor...

and reinsurer, Exel Ltd., is changing its name to XL Capital Ltd. An indication of this first became obvious with the advance material for February's Bermuda Insurance Symposium IV, released last week. A company spokesman confirmed the proposed chang...

Voyager Asset Management Ltd. has launched a new fund, the VOYAGER US Treasury High Yield Fund Ltd. and listed it on the Bermuda Stock Exchange under symbol VOYUSTA BH. Voyager is a subsidiary of Bermuda-based investment manager, Voyager Management (...

International Risk Management Group Ltd., has incorporated a Panama company, IRMG Panama S.A. It has also entered into cooperation agreements in Brazil with Catalyst Re Consulting and in Mexico with Asescor Consultores. Vice president of Internationa...

(Holdings) Ltd. has declared net profits to September 30 of $1,567,252, a 3.8 percent decline. But president and director, Roger Davidson has expressed concern about political and market moves being made elsewhere. He said that while nations were act...

Underwriting profitability in the US property/casualty market has suffered in the first three quarters as a result of catastrophe losses, according to a just published report. Rating agency A.M. Best Co. said net income fell 15 percent over the nine-...